H. Rept. 116-60 1 (2019-05-14)

handle is hein.congrecreports/crptxaciu0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
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                    116TH CONGRESS                                         REPORT
                       1st Session    HOUSE OF REPRESENTATIVES             116-60







                          KLEPTOCRACY ASSET RECOVERY REWARDS ACT



                      MAY 14, 2019.-Committed to the Committee of the Whole House on the State of
                                       the Union and ordered to be printed



                         Ms. MAXINE WATERS of California, from the Committee on
                                Financial Services, submitted the following


                                             REPORT

                                             [To accompany H.R. 389]

                              [Including cost estimate of the Congressional Budget Office]

                      The Committee on Financial Services, to whom was referred the
                    bill (H.R. 389) to authorize the Secretary of the Treasury to pay re-
                    wards under an asset recovery rewards program to help identify
                    and recover stolen assets linked to foreign government corruption
                    and the proceeds of such corruption hidden behind complex finan-
                    cial structures in the United States and abroad, having considered
                    the same, report favorably thereon with    an amendment and rec-
                    ommend that the bill as amended do pass.

                                                 CONTENTS
                                                                                    Page
                    Purpose and Sum m ary  ...........................................................................................  5
                    Background and Need  for  Legislation  ...................................................................  5
                    Section-by-Section  A nalysis  ................................................................................... .  6
                    H e a rin g s  ...................................................................................................................  7
                    C om m ittee  C onsideration  .......................................................................................  8
                    C om m ittee  V otes  ......................................................................................................  8
                    Statement of Oversight Findings and Recommendations of the Committee ......         8
                    Statement of Performance Goals and Objectives ..................................................  8
                    New Budget Authority and CBO Cost Estimate ..................................................  8
                    Com m ittee  Cost  E stim ate  .......................................................................................  10
                    U nfunded  M andate  Statem ent  ...............................................................................  10
                    A dvisory  C om m ittee  ................................................................................................  10
                    Application  of Law  to  the  Legislative  Branch  .......................................................  10
                    E arm ark  Statem ent  .................................................................................................  10
                    Duplication  of  Federal Program s  ............................................................................  10
                    C h anges  to  E xisting  L aw   ........................................................................................  11
                      The amendment is as follows:
                      Strike all after the enacting clause and insert the following:
                      89-006

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